Monday 24 October 2016

Refurbished office space in south Dublin to let on "flexible lease terms"

Published 23/04/2015 | 02:30

JLL are marketing 6,200 sq ft at Unit 4 of Bracken Business Park to let
JLL are marketing 6,200 sq ft at Unit 4 of Bracken Business Park to let

JLL have been retained as letting agents for space in an office block in the Dublin suburbs.

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The firm are are quoting €17 per sq ft and €1,200 per car parking space per annum for 6,200 sq ft at Block 4, Bracken Business Park in south Dublin.

Situated on the ground floor, the self-contained office suite comprises 6,200 sq ft of office accommodation, together with 15 car parking spaces.

The space is primarily laid out in an open plan format, together with three separate meeting rooms, a server room, a fully fitted kitchen, CAT 6 cabling and a generous floor to ceiling height.

Adjoining occupiers within Block 4 include Getty Images and Cheshire Ireland and other notable occupiers within the wider scheme include Cheshire Ireland, RKD Architects and Dragados Plc.

The space is available on flexible lease terms and boasts excellent transport connectivity, being situated within easy access of the M50. It is a 10 minute walking distance from the Sandyford and Stillorgan LUAS stations, JLL said.

Bryan Walsh of JLL commented "having recently been fully re-fitted and re-furbished, Bracken Business Park is a rare type of property.

"It is one that offers a competitive price point in return for an excellent standard of quality.

"This is evidenced by the specification within the unit.

Occupiers looking to locate close to Microsoft and Salesforce need look no further than Block 4 Bracken Business Park," Mr Walsh claimed.

"The first three months of 2015 has marked an unusual start to the year, with the suburbs outperforming the city centre and accounting for 56pc of take up.

"With prime rents approaching €50 per sq ft and beyond in the city centre, as well as prime suburban rents ranging from €25 to €27.50 per sq ft, the opportunities for discerning tenants to avail of a high quality, cost effective opportunity are becoming few and far between," he added.

The suburban market has been improving steadily in recent months, with more and more companies looking outside the so-called "core" parts of Dublin for better value as rents are pushed ever higher.

City centre rents are already at €50 per sq ft and are forcasto go even higher, with analysts expected rates to go close to €70 per sq ft in the current cycle.

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